Bitcoin Dips Below $90,000 Amid Ongoing Crypto Selloff
BREAKING NEWS: Bitcoin has plunged below $90,000 for the first time since April 2025, marking a critical moment as the cryptocurrency market faces a severe selloff. This drop reflects a staggering 16% decline over the past month, with predictions suggesting it could fall to as low as $80,000 in the coming days.
As of late Monday night, Bitcoin’s price dipped to $89,426 and remains just under the $90,000 threshold, down more than 5.3% within the last 24 hours. This recent downturn has wiped out all gains Bitcoin made since the beginning of 2025, creating unease among investors.
The last significant drop below the $90,000 mark occurred in April, when Bitcoin hit a low of just under $75,000 following President Donald Trump’s announcement of new tariffs during a notable economic address. The current volatility is largely attributed to growing economic fears, particularly regarding the Federal Reserve and its potential decision not to lower interest rates further in December.
The repercussions of Bitcoin’s decline are reverberating throughout the cryptocurrency market. Other major cryptocurrencies are also experiencing sharp declines. Ether, the second-largest cryptocurrency by market capitalization, has fallen below $3,000, down over 5.6% in the past 24 hours. Additionally, XRP, Binance’s BNB, and Solana’s SOL have seen decreases of 3.9%, 3%, and 3.2% respectively during the same period. Even Dogecoin, the leading memecoin, has dropped by more than 3.8%.
Market analysts warn that if the downward trend continues, it could lead to significant losses for investors and create a ripple effect across the broader financial landscape. As the situation unfolds, traders and investors are closely monitoring the market for further developments.
This is a developing story. Stay tuned for updates as we continue to track Bitcoin’s performance and the implications for the cryptocurrency market.
